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Hambelton Ltd. issued $4,800,000 of 5% bonds payable on 1 September 20X9 to yield 4%. Interest on the bonds is paid semi-annually and is payable each 28 February and 31 August. The bonds were dated 1 March 20X8, and had an original term of five years. The accounting period ends on 31 December. The effective-interest method is used. (PV of $1, PVA of $1, and PVAD of $1.) **(Use appropriate factor(s) from the tables provided.)**

** Required: 1.** Determine the price at which the bonds were issued.

2. Prepare a bond amortization table for the life of the bond. **(Round time value factor to 5 decimal places. Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount. Leave no cells blank - be certain to enter "0" wherever required.)**

3.Prepare journal entries to record the issuance of the bonds, payment of interest, and all necessary adjustments through to the end of 20X10. **(If no en****try is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to the nearest whole dollar amount.)**

4. Calculate the interest expense that would be recorded in each of 20X9 and 20X10. **(Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.)**

5. Show how the bond would be presented on the statement of financial position as of 31 December 20X9 and 20X10. **(Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.)**

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